Where traditional real estate has failed, BitRent is here to introduce a new spin on real estate development technology! With the huge success Bitcoin has experienced including Blockchain as part of their cryptocurrency architecture, BitRent (and other similar companies) are making moves to take advantage of all the new features Blockchain has to offer as well!
For example, BitRent makes participating in eco-friendly real estate nearly cost free! And considering that buildings within the business and residential sector account for over 30% of nationwide CO2 emissions, it's certainly a step in the right direction.
And it's all thanks to Blockchain! Instead of making contract events and verification a humanly controlled process, BitRent makes full use of the Blockchain to introduce automation! With no middleman, there's much less overhead, and thusly, more money to put towards eco-smart initiatives that save home owners money.
Another good example of BitRent in action is shares. With Bitrent, multiple investors can each invest in a portion of a property through a share holder agreement. Bitrent doesn't force property purchases with just a single buyer or seller, like many Internet purchases do.
What's Involved In The Bitrent Real Estate Process?
Building Information Modeling (BIM) - Building information modeling progress can be instantly updated for everyone involved in the project to see. And not just updates, but full document uploads like graphics, spreadsheets, and prospectus outlines. Meaning, no one has to call the project Foreman to find out when certain parts of a real estate contract have been completed, because the e-contract automatically updates the status. This is due to new super-tech "Smart Contracts".
RFID And Blockchain Enabled "Smart Contracts" - Radio frequency identification (RFID) in real estate construction is a highly valuable tool for construction professionals, investors, and property managers. People generally use RFID radio tracking to keep tabs on work site items. Now, with the help of RFID enabled Smart Contracts, instant/dynamic/interactive event relay is easy. Both investors and developers can watch a contracts progress in real-time, without any middleman or "Play-By-Play" stress involved!
Internet Of Things (IoF) - The "Internet Of Things", which means Internet tech that's included in various appliances like washers/dryers/thermostats, etc., helps save homeowners money each year. Bitrent electronically uses "Internet Of Things" at various steps in the real estate development process. Contractors, developers, investors, etc. can instantly see an updated status report on work progress whenever they want.
"Early Bird" Investment Ability - Traditional real estate investment / development was more of a waiting game than anything else. With Bitrent, developers can now open their investments pools at the very start of a project. No wait time or second guessing. If an investor wants "in" on a project, it can be done without any middleman, according to their decision, right then and there.
Established Use Of These New Technologies - Whenever modern business isn't taking advantage of already established tech advancements, you'll have lower productivity and less profits. By doing business with BitRent, not only are you contributing to tech-advancement and innovation, you're helping the business world actually make use of the tech advancements WE ALREADY DO have.
Please visit the official website for more information: https://bitrent.io